A group of college students throw a party for their graduation. They decide that each of them pick a type ofpizza, share all the pizzas and split the total cost evenly. A Tragedy of the Commons problem is likely foreach of the following reasons exceptO each pizza is both excludable and rival in consumption.O when one person eats, he may not consider how his choice affects his friends.O each individual has an incentive to eat as much as possible since no matter how much an individualeats, it would not cost him extra money.O eating the pizzas creates an externality.MacBook AirescF1F2F3F4F5F6%Q WRYtabos lockSFత#3

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pizza, share all the pizzas and split the total cost evenly. A Tragedy of the Commons problem is likely each of the following reasons except

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A group of college students throw a party for their graduation. They decide that each of them pick a type of
pizza, share all the pizzas and split the total cost evenly. A Tragedy of the Commons problem is likely for
each of the following reasons except
O each pizza is both excludable and rival in consumption.
O when one person eats, he may not consider how his choice affects his friends.
O each individual has an incentive to eat as much as possible since no matter how much an individual
eats, it would not cost him extra money.
O eating the pizzas creates an externality.
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